BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Up 126.4% in September

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 31,700 shares, a growth of 126.4% from the September 15th total of 14,000 shares. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 0.3 days.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock opened at $49.67 on Wednesday. The company has a market capitalization of $655.64 million, a PE ratio of -52.84 and a beta of -0.15. The company has a 50-day simple moving average of $49.60 and a two-hundred day simple moving average of $49.56. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a one year low of $49.40 and a one year high of $49.78.

Hedge Funds Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,605 shares of the company’s stock valued at $229,000 after acquiring an additional 339 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 78.2% during the first quarter. DAVENPORT & Co LLC now owns 8,424 shares of the company’s stock valued at $419,000 after acquiring an additional 3,698 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 41.4% during the first quarter. Envestnet Asset Management Inc. now owns 287,720 shares of the company’s stock valued at $14,305,000 after acquiring an additional 84,214 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 11.6% during the second quarter. Janney Montgomery Scott LLC now owns 56,301 shares of the company’s stock valued at $2,794,000 after acquiring an additional 5,868 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 67.6% during the first quarter. Bank of New York Mellon Corp now owns 7,313 shares of the company’s stock valued at $364,000 after acquiring an additional 2,950 shares in the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.